Day: July 23, 2018

7 The Most Unique Currency History in the World

Money is a dead matter that is so sought after by humans. In fact they are willing to go out for paper or metal that has the name of the money. Based on the information from the Big Indonesian Dictionary, money is a legal medium of exchange or standard of value measurement (unity count), issued by a government of the country in the form of paper, gold, silver, or different metals printed in certain formats and images.

With so many evolutions occurring in the growth of money ranging from material, nominal and design, money is no longer witnessed only in terms of its functionality. Countries also compete to create money with the maximum degree of peace, and design as attractive as possible.

From the development there are a number of awesomeness that occurred. Starting from a surprising design to the unique story behind it, there are as many unique types of money as you know. Here’s the explanation.

Oldest Banknotes

Discussing about money certainly can’t be left behind discussing its initial history. The paper money itself was already there since the 11th century precisely in the Chinese district during the Song dynasty. The idea of ​​creating a payment instrument using paper is actually quite simple, because before paper money is made, the people at that time use a coin payment instrument.

The use of coins, then, can be difficult, especially for merchants who must carry it in small amounts and can be the most difficult burden. For overcoming it, the end was made a new payment device that became the origin of the first paper money, and was called Jiaozi.

The biggest money

This one is quite unique and even the nominal number is quite a bit of the physical size of the money. Reporting from TIME, the largest amount of money fell for 100,000 pesos from the Philippines. This money was published in 1998 to celebrate a century of Filipino freedom from the Spanish colony. Also note that this money is issued in a limited amount and is prioritized for the collection workers only.

Yugoslavian Dinar

Especially for this one fund that has the largest nominal value and can reach 500 billion. indeed it sounds surprising, but the truth is there really are. Before its end broke out into six independent countries in 1992, Yugoslavia had experienced a crisis shown by hyperinflation (high inflation) which resulted in a decline in the value of the currency. As a result, it can be witnessed for itself, the value stated in each copy of Dinar money is the biggest, with the highest nominal reaching 500 billion.

Zimbabwe Dollars

One of the countries left behind in Africa that causes money with a nominal value of 500 billion is still not good enough. In fact, there is paper money with a nominal reach of 100 trillion! This hyperinflation finally resulted in the Zimbabwe dollar being perceived as among the lowest exchange rates in the world. To overcome this, in 2009 the Zimbabwean government concluded to release the use of this currency and realize a multi-currency system that uses 8 types of currency as a payment instrument.

Images of perforated characters

Placing a national figure on a piece of paper money is no stranger. It’s just that, if the figure of the figure was deliberately omitted from the decision of the government itself? This is what happened to the Zaire state currency (now changed its name to the Republic of Congo). The figure of the omitted figure was Joseph Mobutu, a former dictator who led the country until it was finally overthrown in 1997.

After the overthrow, the new government was faced with the weakness of cash and created the government at that time inevitably spent old money. Considering that the picture on the money is none other than the former dictator who was just overthrown, so the figure of the figure in the money was finally eliminated while waiting for the issuance of a new fund design.

Holocaust money

Besides leaving a bitter story, the incident turned out to leave many historical relics, one of which was in the form of money. This money was self-issued by the Nazis and used exclusively for Jews who were placed in concentration camps. There are so many motives behind the use of this money, one of which is to make it difficult for all camp prisoners to not be able to escape and survive outside because the funds they have only apply in the camp.

Notgeld

Notgeld is the type of funds issued during a crisis. So this money is often interpreted as ’emergency money’. The use of this money had sprung up during the first World War in as many regions in Europe.